Assumed Debt definition

Assumed Debt has the meaning set forth in Section 2.2.

Assumed Debt. The Debt of Company and its Subsidiaries which is assumed by Lakes and/or retained by the Non-Mississippi Group Subsidiaries in connection with the Distribution, as determined pursuant to Section 2.09.

Assumed Debt means the Indebtedness set forth on Schedule 1.01(a) hereto.

More Definitions of Assumed Debt

Assumed Debt means any indebtedness of the Company the payment obligations in respect of which shall have been assumed by WNR pursuant to one or more Assumption Agreements.

Assumed Debt has the meaning assigned to such term in Section 9.02(j).

Assumed Debt. As defined in Section 5.7.

Assumed Debt means: (a) the aggregate amount outstanding as of immediately prior to the Closing under that certain Indebtedness indicated as “Assumed Debt” in Section 2.6(c)(i) of the Seller Disclosure Letter; and (b) that certain Indebtedness incurred after the date hereof solely as permitted under, and in compliance with, this Agreement, indicated as “Assumed Debt” in the Closing Statement.

Assumed Debt means $255 million in outstanding borrowings under the Promissory Note that will be assumed by the Partnership pursuant to the PM Assignment and Assumption Agreement in connection with the transactions contemplated by this Agreement.

Assumed Debt shall have the meaning set forth in Section 3.1(b).

Assumed Debt means any Lender Loan which has been assumed by the Partnership in connection with Section 22.1 of the Lease.